Endesa (NYSE:ELE)
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ENDESA (NYSE: ELE):
-- This piece of infrastructure represents the first step in the
construction of a gas pipeline network which will enable
natural gas delivery directly to the Bay of Cadiz. The next
steps include the stretches joining Puerto de Santa Maria -
Puerto Real - San Fernando and Puerto de Santa Maria - Rota -
Chipiona
-- The 16.6km long pipeline enables ENDESA Gas to extend supply
to new towns in the Bay of Cadiz. ENDESA Gas already has over
4,000 customers and over 5,000 new supply requests in the area
which will be attended to in the near future.
-- The pipeline will expand the Andalusian community's natural
gas pipe and transmission infrastructure to meet the expected
increase in demand and reinforce the mainland transmission
system.
ENDESA Gas, wholly owned by ENDESA (NYSE: ELE), has launched its
new gas pipeline in the Spanish province of Cadiz joining Jerez de la
Frontera with El Puerto de Santa Maria, entailing investment of Euro
3.25 million.
This piece of infrastructure represents the first step in the
construction of a gas pipeline network which will enable natural gas
delivery directly to the Bay of Cadiz. The next steps include the
stretches joining Puerto de Santa Maria - Puerto Real - San Fernando
and Puerto de Santa Maria - Rota - Chipiona.
This first pipeline entailed investment of Euro 3.25 million and
it will operate at a pressure of 45 bar. However, the construction
plans already contemplated that when warranted by demand and the
pertinent permits are granted, the pressure can be increased to 80
bar, at which point the pipeline will become part of the primary
transmission system's basic infrastructure.
The pipeline will allow ENDESA Gas's subsidiary, ENDESA Gas
Meridional, distribution operator in Andalusia, to expand its market
to supply new towns in the Bay of Cadiz. ENDESA Gas Meridional already
has over 4,000 customers and over 5,000 new supply requests in the
area which will be attended to in the near future.
The pipeline, which falls under the auspices of the specific
collaboration agreement signed on 6 November 2003 between the
Andalusian regional government and ENDESA Gas Transportista to pipe
natural gas to cities where it is currently not available, in
accordance with the general guidelines of the Andalusia Energy Plan
for 2001-2006.
The next steps, already planned for the province of Cadiz, will
stem from this pipeline. The construction of these new gas pipelines
will begin as soon as the pertinent authorisations have been obtained
from the Andalusian regional government:
-- The Puerto Real - San Fernando pipeline will be 24.5km long,
require investment of Euro 7.3 million and supply the cities
of Puerto Real, San Fernando and Chiclana de la Frontera.
-- El Puerto de Santa Maria - Rota - Chipiona pipeline will be
32km long, entail investment of Euro 8.4 million and supply
the cities of Rota, Chipiona and Sanlucar de Barrameda.
The construction of these gas pipelines forms part of ENDESA's
transmission infrastructure plan to supply natural gas to the Bay of
Cadiz, allowing the group to increase its natural gas pipeline and
transmission infrastructure in Andalusia to meet anticipated increases
in demand and to reinforce the mainland transmission system.
* This document may contain certain forward-looking statements
regarding anticipated financial and operating results and statistics
that are subject to risks and uncertainties as well as to material
risks, changes and other factors which may be difficult to predict,
including, without limitation, those factors described in the
Documento de Registro de Acciones of ENDESA filed within the Comision
Nacional del Mercado de Valores and in the Form 20-F of ENDESA filed
within the Securities and Exchange Commission, both for the fiscal
year ended December 31, 2004. For all of these forward-looking
statements, we claim the protection of the safe harbour for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995.